What's the near future of private credit and where are we in the consumer credit cycle? Should individual investors look to private credit as an investment vehicle?

Vervent founder and CEO David Johnson is one of the best people to ask, as Vervent helps rescue distressed loan portfolios.

David is also a high school dropout who went on to a Stanford MBA and stints at Bain and McKinsey before building Vervent into a $165 billion AUM platform.

In this conversation, we dive into the signals David is seeing in the credit market, and what inspired him to write his new book, Figure It the F*ck Out.

What You'll Discover In This Episode

• The K-shape of the credit market & how it decides which credit cards survive

• Why David advises against private credit for the individual investor

• The dynamics behind Tricolor's historically huge Chapter 7 bankruptcy

• How securitization adds both liquidity & risk

• What he sees in leadership today that inspired his new book

Click here to pre-order David's book, Figure It the F*ck Out.

About the Guest

David J. Johnson is CEO of Vervent, one of the country's most trusted consumer credit infrastructure platforms, where he brings decades of experience at the intersection of capital markets, operations, and credit. Under his leadership, Vervent has grown into a $150B+ AUM platform serving top banks, asset managers, and specialty lenders across loan servicing, credit card and lease management, backup servicing, and capital markets support. Earlier in his career, he advised global firms on operational strategy at McKinsey & Company and Bain & Company.

About Your Host

From pro-snowboarder to money mogul, Chris Naugle has dedicated his life to being America's #1 Money Mentor. With a core belief that success is built not by the resources you have, but by how resourceful you can be. Chris has built and owned 19 companies, with his businesses being featured in Forbes, ABC, House Hunters, and his very own HGTV pilot in 2018. He is the founder of The Money School™ and Money Mentor for The Money Multiplier.

His success also includes managing tens of millions of dollars in assets in the financial services and advisory industry and in real estate transactions. As an innovator and visionary in wealth-building and real estate, he empowers entrepreneurs, business owners, and real estate investors with the knowledge of how money works.

Chris is also a nationally recognized speaker, author, and podcast host. He has spoken to and taught over ten thousand Americans, delivering the financial knowledge that fuels lasting freedom.

Resources

Private Money Guide: https://go.moneyschoolrei.com/book-podcast

Wealth Wednesday Webinar: https://go.moneyschoolrei.com/wednesday-webinar-podcast

Mapping out the Millionaire Mystery: https://go.moneyschoolrei.com/newbook-podcast